The benchmark Sensex and Nifty indices are likely to open on a flat-to-positive note on May 7 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 10 points.

Equity markets on Monday ended flat after opening nearly 0.5 percent higher amid selling seen in PSU stocks.

On Monday, the 30-share benchmark index ended at 73895.54 up by 17.39 points or by 0.02 % and then NSE Nifty was at 22442.7 down by -33.15 points or by -0.15 %.

On the global front, on Tuesday morning, Asia-Pacific markets extended gains on expectations that the Federal Reserve will cut interest rates. South Korea’s Kospi led with 1.75 per cent gains, followed by Japan’s Nikkei (up 0.91 per cent) and Hong Kong’s Hang Seng (up 0.23 per cent). Meanwhile, Australia’s ASX 200 rose 0.36 per cent.

On the other hand, Wall Street's stock indices closed higher on the back of bullish market sentiment. Nasdaq settled 1.19 per cent higher while S&P 500 jumped 1.10 per cent. The Dow Jones, meanwhile, rose nearly 0.50 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 37621296.00, Coal India Ltd. 36408390.00, State Bank of India 35283557.00, Kotak Mahindra Bank Ltd. 21608211.00, Power Grid Corporation of India Ltd. 16855909.00,

On NSE, total number of shares traded was 424.03 Crore and total turnover stood at Rs. 110346.25 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 434124 with a total turnover of Rs. 27569.15 Crore. Along with this total number of contracts traded in stock futures were 1733580 with a total turnover of Rs. 135134.21 Crore. Total numbers of contracts for index options were 321980755 with a total turnover of Rs. 23326056.14 Crore. and total numbers of contracts for stock options were 5870834 with a total turnover of Rs. 476019.18 Crore.

The FIIs on 06/05/2024 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 17677.66 Crore and gross debt purchased stood at Rs. 3591.89 Crore, while the gross equity sold stood at Rs. 19815.71 Crore and gross debt sold stood at Rs. 2772.64 Crore. Therefore, the net investment of equity and debt reported were Rs. -2138.05 Crore and Rs. 819.25